NASDAQ:MRVL - Marvell Technology Group Stock Price, Price Target & More

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group declared a quarterly dividend on Thursday, June 28th. Stockholders of record on Monday, July 9th will be given a dividend of $0.06 per share on Tuesday, July 31st. This represents a $0.24 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, July 6th. View Marvell Technology Group's Dividend History.

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its earnings results on Thursday, May, 31st. The semiconductor company reported $0.32 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.31 by $0.01. The semiconductor company had revenue of $604.63 million for the quarter, compared to the consensus estimate of $601.85 million. Marvell Technology Group had a return on equity of 13.84% and a net margin of 22.24%. The company's quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 earnings per share. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, August, 23rd 2018. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group updated its second quarter earnings guidance on Thursday, May, 31st. The company provided earnings per share guidance of $0.32-0.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.33. The company issued revenue guidance of $600-630 million, compared to the consensus revenue estimate of $621.00 million.

25 equities research analysts have issued twelve-month target prices for Marvell Technology Group's shares. Their forecasts range from $13.00 to $33.00. On average, they anticipate Marvell Technology Group's share price to reach $26.0217 in the next twelve months. This suggests a possible upside of 19.9% from the stock's current price. View Analyst Ratings for Marvell Technology Group.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Marvell Technology Group saw a increase in short interest in the month of June. As of June 29th, there was short interest totalling 58,747,975 shares, an increase of 4.8% from the June 15th total of 56,068,533 shares. Based on an average daily volume of 11,768,711 shares, the days-to-cover ratio is presently 5.0 days. Currently, 12.3% of the shares of the company are sold short. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), Qorvo (QRVO), ON Semiconductor (ON) and ASE INDL HLDG C/S (ASX).

News headlines about MRVL stock have trended somewhat negative this week, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marvell Technology Group earned a coverage optimism score of -0.01 on Accern's scale. They also gave news stories about the semiconductor company an impact score of 44.99 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Marvell Technology Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Swedbank (0.91%), Fred Alger Management Inc. (0.68%), Bank of Montreal Can (0.05%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%), Gulf International Bank UK Ltd (0.03%) and CenturyLink Investment Management Co (0.01%). Company insiders that own Marvell Technology Group stock include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Tokio Marine Asset Management Co. Ltd. and Nisa Investment Advisors LLC. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan and Sehat Sutardja. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was acquired by a variety of institutional investors in the last quarter, including Fred Alger Management Inc., Swedbank, Campbell & CO Investment Adviser LLC, CenturyLink Investment Management Co, Hartford Investment Management Co., Bank of Montreal Can, State of Alaska Department of Revenue and Exane Derivatives. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $21.71.

Marvell Technology Group has a market capitalization of $10.88 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]